Mitsubishi UFJ Asset Management Co. Ltd. Boosts Stake in Tyson Foods, Inc. (NYSE:TSN)

Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 14.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 463,018 shares of the company's stock after acquiring an additional 57,953 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.13% of Tyson Foods worth $26,938,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in TSN. State Street Corp grew its position in Tyson Foods by 6.9% in the 3rd quarter. State Street Corp now owns 13,304,869 shares of the company's stock worth $792,438,000 after purchasing an additional 859,351 shares in the last quarter. Barclays PLC grew its holdings in shares of Tyson Foods by 66.1% in the third quarter. Barclays PLC now owns 1,122,285 shares of the company's stock valued at $66,841,000 after acquiring an additional 446,648 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Tyson Foods by 14.8% during the fourth quarter. Bank of New York Mellon Corp now owns 3,315,701 shares of the company's stock valued at $190,454,000 after acquiring an additional 427,582 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Tyson Foods during the fourth quarter valued at approximately $22,059,000. Finally, JPMorgan Chase & Co. lifted its holdings in Tyson Foods by 44.8% during the third quarter. JPMorgan Chase & Co. now owns 1,140,309 shares of the company's stock worth $67,917,000 after acquiring an additional 352,863 shares during the period. Hedge funds and other institutional investors own 67.00% of the company's stock.

Tyson Foods Stock Performance

Shares of NYSE:TSN traded down $3.71 during trading on Friday, hitting $59.85. 3,322,206 shares of the company were exchanged, compared to its average volume of 2,298,674. Tyson Foods, Inc. has a 52-week low of $53.61 and a 52-week high of $66.88. The stock has a 50 day moving average of $59.77 and a 200 day moving average of $59.65. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.11 and a quick ratio of 1.04. The company has a market cap of $21.32 billion, a PE ratio of 20.22, a P/E/G ratio of 0.74 and a beta of 0.62.

Tyson Foods (NYSE:TSN - Get Free Report) last issued its quarterly earnings data on Monday, February 3rd. The company reported $1.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.79 by $0.35. The business had revenue of $13.62 billion for the quarter, compared to analysts' expectations of $13.46 billion. Tyson Foods had a return on equity of 6.87% and a net margin of 1.96%. The firm's quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.69 EPS. As a group, equities research analysts predict that Tyson Foods, Inc. will post 3.8 EPS for the current year.

Tyson Foods Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $2.00 annualized dividend and a yield of 3.34%. Tyson Foods's dividend payout ratio is currently 67.57%.

Analyst Upgrades and Downgrades

TSN has been the subject of several research analyst reports. Piper Sandler raised Tyson Foods from an "underweight" rating to a "neutral" rating and set a $58.00 target price for the company in a research report on Tuesday, February 4th. Hsbc Global Res upgraded shares of Tyson Foods from a "moderate sell" rating to a "hold" rating in a report on Monday, February 3rd. Citigroup dropped their target price on shares of Tyson Foods from $63.00 to $61.00 and set a "neutral" rating on the stock in a research note on Friday, January 31st. Stephens raised their price target on shares of Tyson Foods from $60.00 to $63.00 and gave the stock an "equal weight" rating in a research note on Tuesday, February 4th. Finally, Barclays decreased their target price on Tyson Foods from $76.00 to $75.00 and set an "overweight" rating for the company in a research report on Tuesday, January 21st. Ten research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $61.10.

Tyson Foods Company Profile

Tyson Foods, Inc, together with its subsidiaries, operates as a food company worldwide. It operates through four segments: Beef, Pork, Chicken, and Prepared Foods. The company processes live fed cattle and hogs; fabricates dressed beef and pork carcasses into primal and sub-primal meat cuts, as well as case ready beef and pork, and fully cooked meats; raises and processes chickens into fresh, frozen, and value-added chicken products, including breaded chicken strips, nuggets, patties, and other ready-to-fix or fully cooked chicken parts; and supplies poultry breeding stock.